Go to HHH home page.
Smart Politics
 


Economic Downturn Scarcely Slowing Political Contributions to Minnesota's U.S. House Delegation

Bookmark and Share

The economic recession of the past year, and its accompanying significant rise in unemployment, rise in home foreclosures and delinquency rates, and drop in the stock market, has not derailed Minnesota's U.S. House delegation from raising money like the recession never happened.

A Smart Politics analysis finds there was a drop in campaign donations of just 3.7 percent during the first two quarters of 2009 compared to the first two quarters of 2007, or roughly $100,000 out of the more than $6 million collectively raised by Minnesota's eight U.S. Representatives during those periods.

From January through June of 2007, Minnesota's U.S. House delegation - which was comprised of its existing membership, substituting Jim Ramstad for Erik Paulsen - raised $3,086,076 in all campaign funds, or an average of $385,759 per officeholder. This includes contributions made by individuals (both itemized and unitemized), PACs, and political party committees.

Through the first two quarters of 2009, the Gopher State's eight members of the U.S. House raised a nearly identical $2,972,822, or an average of $371,603 per member.

This scant 3.7 percent drop in campaign contributions from 2007 to 2009 occurs against the backdrop of a 36 percent drop in the Dow Jones Industrial Average from the first two quarters of 2007 (approx. 12,500) to the first two quarters of 2009 (approx. 8,000). Evidently Americans believe contributing money to Minnesota's U.S. Representatives (including two committee chairs and one ranking member) is still a good investment.

It also comes at a time when the national unemployment rate has increased 93 percent during these two periods - from 4.5 percent to 8.7 percent. In Minnesota, the average unemployment rate through the first two quarters of 2007 was 4.6 percent, compared to 8.1 percent during the first two quarters of 2009 - or an increase of 76 percent.

However, while receipts to Gopher State U.S. Representatives are moving along at roughly the same clip overall, there has been a notable change in what form these contributions are taking today vis-à-vis 2007.

From January through June 2007, the split between contributions by individuals ($1,520,672) and those by PACs ($1,563,859) was nearly identical - 49.3 and 50.7 percent of all funds raised respectively.

In 2009, however, donations by individuals increased by more than $200,000 to $1,751,635, while contributions by PACs fell by more than $300,000 to $1,219,193. Individual contributions totaled 58.9 percent of all money donated during this span, compared to just 41.0 percent by PACs.

In short, while overall it is a wash, Minnesota's members of Congress are having an easier time raising money from individuals than business and other special interests during this economic downturn.

Trend in Campaign Fundraising to MN U.S. House Delegation through First Two Quarters of 2007 and 2009

Contribution
2007
2009
Individuals
$1,520672.16
$1,751,635.97
PACs
$1,563,859.58
$1,219,193.68
Political party committees
$1,544.50
$1,992.47
Total
$3,086,076.24
$2,972,822.12
 
 
 
% Individuals
49.3
58.9
% PACs
50.7
41.0
% Political party committees
0.1
0.1
Note: FEC data compiled by Smart Politics.

Tomorrow's post will examine the trends in fundraising - who's up and who's down - within Minnesota's U.S. House delegation from 2007 to 2009.

Follow Smart Politics on Twitter.

Previous post: Pawlenty on the Rebound? Governor's Approval Rating Reaches Highest Mark in 2009
Next post: Congressman Oberstar to Speak at Humphrey Institute Wednesday

1 Comment


  • The economical downturn has effected all of the world. We have feeling the aftershock right now at Examinare and IT Kroonan AB in Sweden. It is sad that people just dont understand that they really don´t help the subject when they dont invest when they can of course.

    Nice to find this blog and get some feedback from the US.

    Good work. I will continue to follow your blog.

  • Leave a comment


    Remains of the Data

    Is There a Presidential Drag On Gubernatorial Elections?

    Only five of the 20 presidents to serve since 1900 have seen their party win a majority of gubernatorial elections during their administrations, and only one since JFK.

    Political Crumbs

    Strike Three for Miller-Meeks

    Iowa Republicans had a banner day on November 4th, picking up both a U.S. Senate seat and one U.S. House seat, but Mariannette Miller-Meeks' defeat in her third attempt to oust Democrat Dave Loebsack in the 2nd CD means the GOP will not have a monopoly on the state's congressional delegation in the 114th Congress. The loss by Miller-Meeks (following up her defeats in 2008 and 2010) means major party nominees who lost their first two Iowa U.S. House races are now 0 for 10 the third time around in Iowa history. Miller-Meeks joins Democrat William Leffingwell (1858, 1868, 1870), Democrat Anthony Van Wagenen (1894, 1912 (special), 1912), Democrat James Murtagh (1906, 1914, 1916), Democrat Clair Williams (1944, 1946, 1952), Democrat Steven Carter (1948, 1950, 1956), Republican Don Mahon (1966, 1968, 1970), Republican Tom Riley (1968, 1974, 1976), Democrat Eric Tabor (1986, 1988, 1990), and Democrat Bill Gluba (1982, 1988, 2004) on the Hawkeye State's Three Strikes list.


    Larry Pressler Wins the Silver

    Larry Pressler may have fallen short in his long-shot, underfunded, and understaffed bid to return to the nation's upper legislative chamber, but he did end up notching the best showing for a non-major party South Dakota U.S. Senate candidate in more than 90 years. Pressler won 17.1 percent of the vote which is the best showing for an independent or third party U.S. Senate candidate in the state since 1920 when non-partisan candidate Tom Ayres won 24.1 percent in a race won by Republican Peter Norbeck. Overall, Pressler's 17.1 percent is good for the second best mark for a non-major party candidate across the 35 U.S. Senate contests in South Dakota history. Independent and third party candidates have appeared on the South Dakota U.S. Senate ballot just 25 times over the last century and only three have reached double digits: Pressler in 2014 and Ayres in 1920 and 1924 (12.1 percent). Pressler's defeat means he won't become the oldest candidate elected to the chamber in South Dakota history nor notch the record for the longest gap in service in the direct election era.


    more POLITICAL CRUMBS

    Humphrey School Sites
    CSPG
    Humphrey New Media Hub

    Issues />

<div id=
    Abortion
    Afghanistan
    Budget and taxes
    Campaign finances
    Crime and punishment
    Economy and jobs
    Education
    Energy
    Environment
    Foreign affairs
    Gender
    Health
    Housing
    Ideology
    Immigration
    Iraq
    Media
    Military
    Partisanship
    Race and ethnicity
    Reapportionment
    Redistricting
    Religion
    Sexuality
    Sports
    Terrorism
    Third parties
    Transportation
    Voting